Visa Inc. (NYSE:V) Position Trimmed by Evolutionary Tree Capital Management LLC

Evolutionary Tree Capital Management LLC lessened its holdings in Visa Inc. (NYSE:V - Free Report) by 41.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,162 shares of the credit-card processor's stock after selling 4,353 shares during the quarter. Visa comprises 2.0% of Evolutionary Tree Capital Management LLC's portfolio, making the stock its 23rd largest position. Evolutionary Tree Capital Management LLC's holdings in Visa were worth $1,947,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Howard Capital Management Group LLC boosted its stake in shares of Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor's stock worth $29,242,000 after buying an additional 610 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Visa by 7.7% during the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor's stock valued at $1,576,366,000 after purchasing an additional 411,210 shares during the period. Morse Asset Management Inc purchased a new stake in shares of Visa during the 3rd quarter valued at about $69,000. Passumpsic Savings Bank lifted its stake in shares of Visa by 2.0% in the 3rd quarter. Passumpsic Savings Bank now owns 9,137 shares of the credit-card processor's stock worth $2,512,000 after purchasing an additional 179 shares during the period. Finally, Virtu Financial LLC boosted its holdings in shares of Visa by 101.5% in the third quarter. Virtu Financial LLC now owns 44,984 shares of the credit-card processor's stock worth $12,368,000 after buying an additional 22,658 shares during the last quarter. Institutional investors own 82.15% of the company's stock.

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Analysts Set New Price Targets

V has been the subject of several analyst reports. Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Wells Fargo & Company raised their target price on shares of Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Bank of America upped their price objective on Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. StockNews.com downgraded Visa from a "buy" rating to a "hold" rating in a research report on Monday, April 7th. Finally, Piper Sandler reiterated an "overweight" rating and set a $383.00 price target (up from $368.00) on shares of Visa in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $355.84.

Visa Trading Up 0.2 %

Shares of V traded up $0.70 on Tuesday, hitting $335.88. 4,382,440 shares of the stock traded hands, compared to its average volume of 7,254,069. The firm has a market capitalization of $623.98 billion, a P/E ratio of 33.86, a P/E/G ratio of 2.33 and a beta of 0.94. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The stock's 50 day moving average is $342.12 and its two-hundred day moving average is $319.51.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio is presently 23.79%.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the sale, the chief executive officer now owns 537 shares of the company's stock, valued at approximately $188,186.28. The trade was a 94.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock worth $48,842,490 in the last 90 days. 0.13% of the stock is owned by company insiders.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.